Withholding tax rates for individuals
Nature of Income Tax rate Tax Rate
Interest, commission, fee or other payment in connection with 15% a
any loan or indebtedness
Royalty or other lump sum payments for the use of movable 10% a b
Income received by non-resident professionals (e.g. 15% on gross income or
consultants, trainers, coaches…) for services performed in 20% on net income
Income received by non-resident public entertainers for 15% on gross income C
services performed in Singapore
Remuneration including director's fees received by non- 20%
SRS withdrawals received by non-Singaporean SRS Account 20%
This withholding tax rate applies if the income is not derived from any trade, business, profession or
vocation carried on or exercised by the non-resident individual in Singapore. If the income is derived from
any trade, business, profession or vocation carried on or exercised by the non-resident individual in
Singapore, then the withholding tax rate is 20%.
The reduced withholding tax rate of 10% applies to payments due and payable on or after 1 Jan 2005.
10% on gross income if the income for services performed in Singapore is due and payable during the
period from 22 Feb 2010 to 31 Mar 2015.